Apetit Plc will expand its reporting and disclose segment-specific profitability figures also in its interim reports for the first and third quarters of the year. At the same time, the company will discontinue the use of alternative performance measures. The new reporting principles will be in effect starting from the company’s reporting for the first half of 2020. Apetit’s half-year financial report will be published on 21 August 2020.
In addition to the three current reporting segments (Food Solutions, Oilseed Products, Grain Trade), Apetit will report Group Functions, consisting of the expenses related to Group management, strategic projects and listing on the stock exchange that are not allocated to the three business segments. The result of Apetit’s associated company Sucros will continue to be reported below operating profit.
The comparison figures for 2019 and the first quarter of 2020 in accordance with the new reporting model are presented in this stock exchange release. The changes only affect the segment structure and other functions and they do not change Apetit Group’s reported result for 2019.
|NET SALES, EUR million||Q1||Q2||Q3||Q4||Q1–Q4||Q1|
|EBITDA, EUR million||Q1||Q2||Q3||Q4||Q1–Q4||Q1|
|OPERATING PROFIT, EUR million||Q1||Q2||Q3||Q4||Q1–Q4||Q1|